38-40 Grover St Springfield — Photo 1 of 24
$320,000
Investment Analysis — 38-40 Grover St
Springfield, MA 01104 — East Springfield
Based on rent reported on the MLS listing, a 2-unit multi-family in 01104 carries $1,600/mo in gross rent — about a 3.10% cap rate and $9,919/yr in estimated NOI at the $320,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
2
SqFt
1,941
Style
Multi Family
Built
1924
Space, charm, and convenience await at this East Springfield two-family! Offering approximately 1,941 square feet of living space, this property features two generously sized one-bedroom units, each with an eat-in kitchen, oversized living room, and full bath. The spacious layouts offer comfortable living with plenty of room to spread out. Recent improvements include a new boiler installed 2025 and new hot water tank installed in 2024. A welcoming covered front porch adds character, while the large rear deck is perfect for outdoor dining, entertaining, or relaxing overlooking the backyard. A storage shed and paved driveway add everyday convenience. Located close to highway access, this property is a great opportunity to start or expand your investment portfolio. Come at your touches and add build equity. Schedule your showing today!
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Geography
Listing Agent: Nunley Group
Listing Office: Executive Real Estate, Inc.
MLS® Number: 73579705
